From Coingape:

OpenAI faces potential competition from decentralized AI projects like Gensyn and OORT, which offer improved data privacy and cost savings. Despite the popularity of OpenAI’s SORA, the emergence of decentralized AI could challenge its market dominance. With the AI industry growing rapidly, competition is expected to intensify.

Decentralized AI, utilizing blockchain technology, offers a safer option for users by enabling global data and processing contributions. This approach fosters innovation and wider AI adoption, creating a more democratic ecosystem. While still in its early stages, decentralized AI shows promise in transforming AI development and bypassing centralized authorities.

OpenAI’s SORA platform, known for anonymity, faces criticism for its potential to enable the creation of fake videos and misinformation. Concerns arise about the use of hyper-realistic deep fakes in the upcoming 2024 elections. Despite these apprehensions, OpenAI is expected to address these issues in the near future. However, the legitimacy of content remains a concern, leading some to view blockchain-based decentralized AI apps as a more reliable alternative.



Read more at Coingape: OpenAI’s Market Position Vulnerable to Intensifying Competition